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California To Hit Startup Founders with Big Retroactive Tax Bills

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Re: California To Hit Startup Founders with Big Retroactive Tax Bills

#301
post #194

Earlier quoted context omitted.

It completely baffles me how any reasonable person could look at the retirement and health benefits situation in our country and come to the conclusion that our problem is being too generous to the working class. Yes, the private sector has been much more effective than the public sector in collectively diminishing workers' wages and benefits in recent years. The logical conclusion is not that the public sector shoul…

It's not so much a wage thing, but companies that continue to act recklessly with their money typically go out of business. Governments and companies propped up by governments simply print more money and attempt to take more from their populace. There are simply no consequences for repeated poor actions. I am looking out my window now at a city project to build a park that is maybe 25 yards wide and 75 yards long. Th…

You indulge in too many fallacies here to address individually, but since you bring healthcare into the discussion, the bottom line is that we know that government-run healthcare works. See: almost every other developed Western country, while the US system remains fundamentally broken.

You can engage in all the a priori pleading you like, but until you address that empirical, real-world fact there is no worthwhile argument to be had.

Re: California To Hit Startup Founders with Big Retroactive Tax Bills

#302

Earlier quoted context omitted.

In case you didn't realize it, that costs the states money, and money is what states don't have.

The states can find other things to cut than middle class benefits.

It's entirely possible for a state to have reasonable policy w.r.t. current and future expenses given a certain tax base, then lose that tax base and get stuck with unsupportable obligations. If NYC became Detroit over a period of 10 years, just pension liabilities would destroy it going forward.

Re: California To Hit Startup Founders with Big Retroactive Tax Bills

#303
post #118

Earlier quoted context omitted.

You don't know much about Vancouver if you think this is a realistic possibility. Vancouver, BC has barely any tech industry (a few software companies like Business Objects, and EA Sports are up there, but nothing meaningful), and the taxes are high. British Columbia has one of the highest tax rate in Canada. One of my Canadian friends told me that the 50% marginal tax rate started around $65k, although I haven't dou…

"50% marginal tax rate started around $65k" I think your friend has very poor math skills. http://www.ey.com/CA/en/Services/Tax/Tax-Calculators-2012-Pe... $65K gross income in BC nets nearly $52K; a ~20% average tax rate. This is before any eligible deductions. Even if your friend was making $1,000,000 gross salary, they'd still pay less than 42% tax on average, and that's ignoring several legal tax shelters availabl…

What are property taxes like? Vancouver real estate is absurdly expensive compared to even SFBA from what I remember (although I was looking at London Properties), so the rate is on a really high base, too.

I'd be interested in an objective comparison of SF, Portland, Seattle, and Vancouver from the perspective of a startup and ~10-20 developers making O($100k/yr) each. Maybe throw in Las Vegas or Austin, for the lowest possible US case, and someplace like Calgary for the cheapest Canadian case.

Superior Canadian immigration rules would seem to dominate if taxes are even within 50% of each other in some cases (founders or substantial early employees not being willing or able to work in the US), and would also dominate in cases like "gaming", anything privacy/anonymity based where US law was an issue, etc. I'm not sure how Canadian investment rules work (I know there's the weird R&D tax credit, and there were issues until recently with taxing or reporting gains).

Re: California To Hit Startup Founders with Big Retroactive Tax Bills

#304

Am I missing something or has California crossed over into absurdity? I don't understand why the VC and tech community in California stand for this stuff [1]. There should either be more lobbying by the seemingly powerful tech and vc community or mass exodus out of the state. I don't see either happening and I wonder why. Perhaps these things just take time. Is CA killing the golden goose here? [1] I am guilty too by…

I think part of the problem is there isn't a single other place which is objectively better than SFBA on every metric which matters to startup people, and yet people would prefer to stay together/have a critical mass of people.

Seattle, Boulder, and Austin are probably the most viable options right now, if you want more libertarian/sustainable government combined with the same overall feel of the Bay Area. It would be better if there were one place which was head and shoulders better than all the others.

Nothing really touches SFBA for VC, though, and Stanford is probably the world's best university for applied CS with startup involvement.

Re: California To Hit Startup Founders with Big Retroactive Tax Bills

#305
post #30
post #19

Come to New York! We're rolling in so much finance money we don't need to hit up small businesses.

Your state's gun laws prevent me from ever living there.

Congratulations :) That's one of the main factors in why I'm moving in the next year or two. It's a toss-up between WA (which has good gun laws) and TX/NV which have excellent gun laws. (I'll probably be an FFL-07 anyway, so WA's laws aren't substantially different for me, but for someone who wants regular civilian ownership of SBRs, WA is inferior to NV or TX)

Re: California To Hit Startup Founders with Big Retroactive Tax Bills

#306
post #55
post #33

Earlier quoted context omitted.

Don't come to New York, then. If your access to rifles is more important than the tax codes your startup may or may not face, stay where you are.

To other child post: FUD. What the heck does NY have to do with the federal constitution? It takes 3/4 of states to pass a new amendment, so it's not like NY can do it on it's own. The second amendment limits the federal government from passing certain kinds of laws.

> To other child post: FUD. What the heck does NY have to do with the federal constitution? It takes 3/4 of states to pass a new amendment, so it's not like NY can do it on it's own. The second amendment limits the federal government from passing certain kinds of laws.

This is completely wrong. Not just for the second amendment, but for pretty much every other Bill of Rights amendment that guarantees a "fundamental right" (including the first, which begins with "congress shall pass no law").

Whether or not you like the idea of private gun ownership (if you don't, you have a lot of room to argue about what is protected under the second amendment)[1], doing away with 14th amendment incorporation would be a horrible idea (Remember Jim Crow? Remember when women could not obtain an abortion, period?)

See:

http://en.wikipedia.org/wiki/Incorporation_of_the_Bill_of_Ri... -- The doctrine

http://en.wikipedia.org/wiki/McDonald_v._Chicago -- The ruling that incorporated the second amendment. Interestingly Justice Thomas' opinion (in favour of McDonald, but opposed to due process incorporation) is interesting in that it demonstrates an originalist constitutional view (opposed to the view everyone else uses) which is typically associated with conservative politics, despite the fact that joining the majority in a "due process" incorporation would mean probably mean less gun-control laws (a typically conservative opinion) than in using "equal protection" incorporation.

tl;dr 14th amendment incorporation is probably the most important evolution of US constitutional law in terms of expanding actual civil liberties as experienced by US citizens. It is not okay to be ignorant of it.

[1] Second amendment as an individual right is fairly new: first such reading in 2008 (Heller) as opposed to 1919 for first amendment -- despite, of course, both amendments dating back to the 18th century. As a result, there's not much good case law on books: it's very hard to argue a second amendment case from a criminal trial and yet it's also hard to find civil litigants with standing to sue such as Heller. It's safe to say that complete weapon bans or bans that make self-defense impossible are unconstitutional and that bans on fully automatic weapons (like the 1934 National Firearms Act) are constitutional. However, that's not where most of the debate is happening, so a clear standard has not yet evolved (but there are more cases working their way up through the federal courts).

Re: California To Hit Startup Founders with Big Retroactive Tax Bills

#307
post #55

Earlier quoted context omitted.

To other child post: FUD. What the heck does NY have to do with the federal constitution? It takes 3/4 of states to pass a new amendment, so it's not like NY can do it on it's own. The second amendment limits the federal government from passing certain kinds of laws.

Completely false. Like much of the rest of Bill of Rights, the second amendment has been incorporated (see Chicago vs McDonald), and thus held to apply to the states. It slightly irritates me when people say this, because usually those people have no problem accepting that other amendments that they hold to be more important (e.g, the 1st) apply to the states.

Exactly. A sensible position is: "Second amendment recognized an individual right, but I don't think New York's gun laws infringe on it any more than their copyright right laws infringe on first amendment rights." Of course, now you'll need a rational argument to back that position up. I personally think this will be a rather difficult case to argue, whereas most parts of a less restrictive assault weapon ban (like the one they had on books before) could probably withstand immediate scrutiny.

Similarly, gun enthusiasts can't claim that all gun control is unconstitutional. The easy days of magical thinking (whether one side arguing "Second amendment does not protect an individual right!" or the other side arguing "Thomas Jefferson wrote ``Thou needeth an HK-416 with a magazine of thirty cartridges lest black helicopters invade thy farm''!") are done.

Re: California To Hit Startup Founders with Big Retroactive Tax Bills

#308
post #30

Earlier quoted context omitted.

Your state's gun laws prevent me from ever living there.

Take a look at the Great State of Texas. It is quite free when it comes to gun laws. For example, I believe it is the only state in which you are allowed to use lethal force to defend your property. And there's the added benefit that if you learn some basic Spanish, you can hire illegal immigrant labor to do all your housework and gardening for a pittance (this can be done without knowing Spanish, but then you end up…

> Take a look at the Great State of Texas. It is quite free when it comes to gun laws. For example, I believe it is the only state in which you are allowed to use lethal force to defend your property.

Actually a "duty to retreat" is rather rare. In California, there's a right to use lethal force if you are in a situation where a reasonable person would believe they are in risk of life or limb.

I also don't think you can shoot someone for just being on your property in Texas when there's no reason to suspect they are a danger to you, or if they're just trying to steal your car while you're inside the house, etc...

Re: California To Hit Startup Founders with Big Retroactive Tax Bills

#309
post #30

Earlier quoted context omitted.

Your state's gun laws prevent me from ever living there.

As compared to California?

It's feasible (perhaps easier than it should really be) to legally buy a handgun in California: take a test (written test and basic handling of the firearm), pass a background check, 10-day waiting period, and a limit of one per month.

Far more difficult in New York: I've heard "must wait six months", "need to document a specific reason", and both... The overall message being "don't bother."

Re: California To Hit Startup Founders with Big Retroactive Tax Bills

#310
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